ES Journal - 2023/2024

Bad_Badness said:
I liked the crazy screaming lady! Ok I got to stop procrastinating: did some sim scalping today. Days like today 5 ticks is pretty easy. Other days not so much. Nothing spectacular. Had a couple of MAE that were sub optimal. Mostly just checking signals.

5 ticks today is like saying I got wet going out on a rainy day. Times are PT, so obviously I slept in.

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Practicing strategies, order placement, etc. on a sim account is fine.

Practicing scalping on a sim account is a bit trickier because fills and slippage are totally unrealistic (plus commissions).

Not critizicing you, just a friendly observation fyi.
 
schizo said:
Iggy is life. :)

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I think @Overnight has caused this. :cool:



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Picaso said:
Practicing strategies, order placement, etc. on a sim account is fine.

Practicing scalping on a sim account is a bit trickier because fills and slippage are totally unrealistic (plus commissions).

Not criticizing you, just a friendly observation fyi.
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None take. I have traded 10,000+ of contracts, ES, ZN, YM, NQ since 90's. Before I run any new system for live the check list is:

1) Order handling: Types, native versus simulated at broker.
2) Connection: Latency at high volume times, backup connection roll-over works when then primary goes down, including order handing. Includes both primary and secondary brokers.
3) Signal sampling for entries and exits: Make sure it does as intended.
4) Order scaling for margins and limits at FCM.
5) Clean install of OS and software used. Ditto for backup machine.
6) Order notifications via text and email.
7) Weekly backup routine with an actual restore.

Then go live and find things that can ONLY happen when live. But at least all the low hanging "fruit" issues are done.

Today I just needed a break from coding and it was a fast moving great day trading day. Like a kid watching everyone else play outside while you are stuck inside!

As far as the fills go, MC is pretty good by not automagically filling(C2) not filling top of book(interactive brokers). And of course no fill is considered real until it trades through the bid ask by one tick, i.e. bottom of book. And comms are considered 1 tick but in actually are more 80% of a tick, RT.

Cheers.
 
v-shape-0DTE said:
It's super lame that all these big drops are all overnight via the gap. This move resembles more of August 2015 than 2022. It's not sustainable. Yeah some like @poopy think I'm just a blind holder which is not true. Yes, last week wasn't the best, but better days are ahead. We all have bad times every now and then. I have no problem with a controlled down move like we saw in 2022. This type of move is such an anomaly you have to sit back and be amazed. The market CANNOT sustain this type of movement for much longer. Thursday was fine, even though I blew it. Should have been obvious that it would reject the 50 day for QQQ and SPY rejected the gap fill.

I'm not a fan of these gaps. I would much rather see the moves happen intraday, even if it were to tank. If this does Gap down again like the futures are showing, then you have to guarantee that the weekly gap will get filled. Don't be shocked when one of these flips green. It's absolutely silly that there's more action at night than during the day. Friday was a chop fest all day.

I am going to leave this up and come back later in the week. My prediction for the week: QQQ finishes at 458-462. If things really get ugly there is a gap at 426.90. I think we will see some stabilization eventually this week and the market will need to get the VIX crushed and make the bears/shorts pay. They never have it this good. There could be further pain ahead in the fall, but this week should mark some sort of temporary bottom. Maybe this gap down just sets up for a big weekly green candle? Would still be messy as hell, but could be. No one has a clue so my guess is as good as your guess.
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This is what I said on Sunday night. One more green day tomorrow and this will be pretty damn close, while you'all freaked the fuck out on Sunday night and all week. This is really my last post here, and I can be seen in other threads in the trading session. Good luck to all and make money.
 
v-shape-0DTE said:
This is what I said on Sunday night. One more green day tomorrow and this will be pretty damn close, while you'all freaked the fuck out on Sunday night and all week. This is really my last post here, and I can be seen in other threads in the trading session. Good luck to all and make money.
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We cannot wait! The ultimate fade.
 
poopy said:
We cannot wait! The ultimate fade.
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Ahhhh.... I thought one more big flush. Way bigger than yesterday's dive into the close.

And I thought it would really hit today. It should have.

All I can say, all things being equal.... if we do see another 3.5% dip on the naz... buy it. I think there's a pretty high probability though, $432 on the Q's is a rock solid bottom.
 
v-shape-0DTE said:
This is what I said on Sunday night. One more green day tomorrow and this will be pretty damn close, while you'all freaked the fuck out on Sunday night and all week. This is really my last post here, and I can be seen in other threads in the trading session. Good luck to all and make money.
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No one freaked out. I said buy the dip at 2:30AM-ish et Sunday night when I saw the Asian markets trickling into Europe and I knew the Japanese carry trade was one that would snowball and spook market institutional herds worldwide. I also know that stuff like that, even though it should, means nothing.

So you'll get this one right, barring a dip on the Q's below $134. Which really surprised me didn't happen today. But that's why I remained mum.

That said, the reversal at 437 today still hasn't convinced me. But we're close.If stupid minds prevail, which they historically have... blue skies from here.
 
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